Review Drill D

Which is the rate in the statement:15% of 300 is 45?

• 15%

• 45

• 300

• none

Which among the following determines the discount price?

• original price

• sale price

• discount rate

• interest rate

What do you call the amount of money borrowed or invested?

• principal

• rate

• time

• interest

What is obtained when the amount of discount is subtracted from the original price?

• discount rate

• marked price

• sale price

• regular price

What do you call the money that is earned by a person after selling something, such as an insurance plan, a house or a lot?

• commission

• total amount

• sale price

• total sales

Which term refers to the amount of money that is deducted from the old price of a certain item?

• interest

• original price

• discount price

• principal

Which among the following terms refers to the amount of money charged by the lender to the borrower for letting him use his money?

• principal

• discount

• percent

• interest

Which of the following is not true about discount?

• It increases the price of an item.

• It is smaller than the original price.

• It saves you a certain amount when buying the item.

• It can be calculated by multiplying the original price and the discount rate.

Which among the following can be done to know the discount of an item amounting to ₱5,000 at 25% off?

• Add ₱5,000 and 0.25.

• Divide ₱5,000 by 0.25.

• Subtract ₱5,000 and 0.25.

• Multiply ₱5,000 and 0.25.

Why do banks pay their depositors interests?

• The depositors sell something for the bank.

• The banks give interests to their depositors as charity.

• The depositors negotiate to the bank to give them interests.

• They borrow the money of their depositors to lend to other borrowers.